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Baledwyr

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Baledwyr last won the day on February 5

Baledwyr had the most liked content!

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About Baledwyr

  • Rank
    Non-Executive Chairman
  • Birthday 11/30/1987

Recent Profile Visitors

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  1. Baledwyr

    Hi

    G'day, Kades, good to see ya!
  2. Baledwyr

    Ya Yeet

    welcome my fellow Kiwis...the invasion of Diplo is becoming reality.
  3. MOSCOW/NEW YORK (Reuters) - When the global oil trading industry gathered for its biggest annual meeting in Asia in September last year, U.S. oil producing companies came well prepared. U.S. giant Exxon Mobil and European rival Royal Dutch/Shell prepared brochures for oil buyers detailing various U.S. crude grades and why they were suitable to replace part of Asia’s long-standing supplies from the Middle East, Africa and Russia. As the oil industry gathers in London this month for the annual IP Week, U.S. crude producers may have every reason to toast the success of their campaign in Europe, as well as Asia. Only a few years ago, before the hydro-fracking and shale revolution overturned the economics of U.S. oil production, the United States was the world’s largest oil importer by far and prohibited exports of oil by law. Now shipments of U.S. crude into Europe have just hit a new record. January imports were 630,000 barrels per day, still - behind Russia and Iraq but above other OPEC producers including Nigeria and Libya. Higher U.S. crude exports have been helped by lower supplies of Iranian and Venezuelan crude, which Washington has put under sanctions, scaring buyers across the world. In the whole of 2018, U.S. supplies to Europe doubled to 430,000 bpd, according to Refinitiv Eikon flows data. That represented 6 percent of overall imports or equal to the levels of Iranian oil imports to Europe before the United States imposed fresh sanctions on Tehran. “U.S. crude is a real headache. It puts a lot of pressure on regional light grades. In fact, prices for all grades are affected because it is such a significant extra supply,” said a trader with a European trader selling Russian oil. Pressure will likely only increase as for 2019 U.S. crude oil production is expected to average 12.06 million bpd, up 1.18 million bpd from last year, according to U.S. government. Future predictions say the United States could produce as much as 15 million bpd of crude and up to 20 million bpd of total oil liquids, giving it complete self-sufficiency as it would fully cover its consumption of 18-19 million bpd. Booming U.S. production has prompted OPEC and major non-OPEC producers like Russia to slash output by 3-4 percent since 2017 to prop up prices. The pact has helped double prices to $60 per barrel but at the expense of a market share loss to U.S. firms. “Welcome to the free market,” said a U.S.-based executive of an international trading firm. “Local producers either need to drop their pricing to compete or find other markets”. Competition is particularly acute in northwest Europe, where Britain and the Netherlands imported 6.5 and 5.1 million tonnes of U.S. crude in 2018 respectively. BP, Litasco, Equinor, Total and ExxonMobil were among the main buyers in the Baltic replacing North Sea barrels with U.S. grades, traders say. “WTI is the new dated Brent,” said a senior crude trader referring to the U.S and European benchmarks. BP takes U.S. oil to its Gelsenkirchen refinery in Germany while Poland’s PKN Orlen said in January it would cut Russia’s Urals purchases from Kremlin oil major Rosneft by 30 percent and partially replace it with U.S. barrels. In Britain, the main U.S. oil buyers are Essar Oil and Exxon Mobil, traders said. In the Mediterranean, buyers of U.S. barrels - Italy, Spain, France - tend to use them to replace light Caspian CPC Blend, Russia’s Urals and Iranian oil, traders said. Greece’s Hellenic Petroleum added WTI to its list of preferred crude options alongside Urals and CPC as did Turkey’s Tupras. In Italy, U.S. oil flows to Kuwait Petroleum’s Milazzo refinery and the Swiss Varo Energy’s plant. WTI was by far the most popular U.S. grade among European buyers in 2018, followed by Midland Eagle Ford, Bakken and Mars. As the world moves to tighter marine fuel regulations, which will increase demand for light barrels, demand for U.S. oil - which is predominantly light - will only rise. “I expect U.S. crude to become even more popular in Europe. It seems that whatever is happening to oil markets these days, the U.S. benefits,” said a trader with large European major. Editing by Vladimir Soldatkin, Dmitry Zhdannikov and David Evans Our Standards:The Thomson Reuters Trust Principles. https://www.reuters.com/article/us-asia-oil/sanctions-opec-cuts-push-asias-sour-crude-oil-prices-above-brent-idUSKCN1Q007Z PERSONAL COMMENT: "Welcome to the free market" hahaha....
  4. Post pictures you feel represent sacrilege in the present day. Linking Trump to Patton. I'm not a Trump Hater, but yeah...linking him to patton. Post some of your own.
  5. Baledwyr

    Hi there

    Don't shush Impotent Rage Reagan. Impotent Rage Reagan knows all.
  6. Baledwyr

    Hi there

    So....Got caught selling Molly, eh Vix? You JUST got clean man. <.<
  7. Might be old, but I just found it, and it got my jollies rumbling.
  8. Baledwyr

    Japan's Pyramids of the future?

    Boeing's flying car looks pretty cool, not gonna lie.
  9. Baledwyr

    Japan's Pyramids of the future?

    I mean at this point, I don't care if it's stolen, I just want to see some badarse huge pyramids. It's now 2019 and it still doesn't really feel much different to the early turn of the century save for political turmoil the world over.
  10. LONDON (Reuters) - Irish Prime Minister Leo Varadkar said soldiers might have to return to the border with Northern Ireland if Brexit went wrong, Bloomberg reported. In a worst-case scenario, a hard border could “involve people in uniform and it may involve the need, for example, for cameras, physical infrastructure, possibly a police presence, or an army presence to back it up,” Varadkar told Bloomberg. “The problem with that in the context of Irish politics and history is those things become targets,” he said. Ireland has said it would find it difficult to avoid imposing a hard border on Northern Ireland if the United Kingdom crashes out of the EU without a deal. An open border is a legacy of the 1998 Good Friday agreement, which ended fighting between the north’s pro-British unionists and nationalists who favour a united Ireland. Writing by Guy Faulconbridge; editing by Kate Holton Our Standards:The Thomson Reuters Trust Principles. PERSONAL COMMENT: New IRA rises, hard border with Irish army and physical infrastructure in place. This is surreal. Hey @StormTrooper you can be our first praetorian at correspondent!
  11. BERLIN (Reuters) - The European Union’s chief Brexit negotiator Michel Barnier said that the “backstop” provision in the agreement for Britain’s withdrawal from the bloc could not be time-limited, since that would defeat its purpose of guaranteeing no hard Irish border. His comments, made on Germany’s DLF public radio, undermine the hopes of some in London that Prime Minister Theresa May could win pro-Brexit legislators for her deal by securing a time limit to the no-border commitment. Barnier said the withdrawal agreement, roundly rejected by Britain’s parliament two weeks ago, was the best one available given the “famous red lines”, including an end to freedom of movement and to single market membership, that May had set out to define the future relationship. Barnier, who is due to meet German Chancellor Angela Merkel for talks in Berlin on Thursday, said that the commitment, seen by Dublin as an essential guarantor of peace on the island, had to be credible. Another option being floated by some in London, for the border issue to be regulated in a separate bilateral deal with Dublin, was also impossible, since the border between Ireland and Northern Ireland would in future be an EU frontier, he said. “We have to maintain the credibility of this reassurance,” he said. “It cannot be time-limited... It’s not just about Ireland.” European Union Chief Brexit Negotiator Michel Barnier speaks during a plenary session of the European Economic and Social Committee (EESC) in Brussels, Belgium, January 23, 2019. REUTERS/Francois Lenoir BERLIN (Reuters) - The European Union’s chief Brexit negotiator Michel Barnier said that the “backstop” provision in the agreement for Britain’s withdrawal from the bloc could not be time-limited, since that would defeat its purpose of guaranteeing no hard Irish border. His comments, made on Germany’s DLF public radio, undermine the hopes of some in London that Prime Minister Theresa May could win pro-Brexit legislators for her deal by securing a time limit to the no-border commitment. Barnier said the withdrawal agreement, roundly rejected by Britain’s parliament two weeks ago, was the best one available given the “famous red lines”, including an end to freedom of movement and to single market membership, that May had set out to define the future relationship. Barnier, who is due to meet German Chancellor Angela Merkel for talks in Berlin on Thursday, said that the commitment, seen by Dublin as an essential guarantor of peace on the island, had to be credible. Another option being floated by some in London, for the border issue to be regulated in a separate bilateral deal with Dublin, was also impossible, since the border between Ireland and Northern Ireland would in future be an EU frontier, he said. “We have to maintain the credibility of this reassurance,” he said. “It cannot be time-limited... It’s not just about Ireland.” RELATED COVERAGE EU parliament won't approve Brexit deal without Irish 'backstop': statement Irish police says no plans to move officers to guard border Irish police could be deployed to border in no-deal Brexit: paper The Irish Independent newspaper said on Thursday that hundreds of Irish police officers could be deployed to guard the border if Britain left without a deal. It cited a meeting of Police Commissioner Drew Harris with senior staff on Wednesday. He added that if Britain’s red lines changed, there would be scope for changes to the political declaration on the intended future relationship between Britain and the EU that accompanies the withdrawal agreement. “If something changes with the red lines, then we are ready to talk about that,” he said. “We can’t make any compromises on the fundamental principles. We can’t dilute the single market or split the EU.” Reporting by Riham Alkousaa, Tassilo Hummel and Caroline Copley, editing by Thomas Escritt and John Stonestreet Our Standards:The Thomson Reuters Trust Principles. PERSONAL COMMENT: And now a wannabe IRA cell has apparently sprung up again.
  12. Baledwyr

    Auckland Campus Security got some new weapons Part II

    I mean you can get an M1 barrett here if you got a spare 20k. Reasoning...hunting...reaction...Hunting what? ARMOURED CARS?!
  13. Baledwyr

    Auckland Campus Security got some new weapons Part II

    It's actually a replica we confiscated from a student on campus. Looks pretty legit though.
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